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08 March 2021 • Articles

A&F la Repubblica

List of candidates from the outgoing Board of Directors to form the new Board in Italian listed companies

From public companies like Unicredit and Prysmian to large shareholders companies' like Mediobanca, Tim and Generali, the new trend to designate the Board of Directors by the outgoing Board itself is becoming  an increasing phenomenon.

"The faculty for the outgoing Board of Directors to submit a list of candidates is appreciated by the market and constitutes an internationally best practice especially when the selection processes are articulated and detailed," says Fabio Bianconi, Senior Director at Morrow Sodali, in an article published by Affari&Finanza - La Repubblica.

As a consequence, the Chairman plays a crucial role in nominating board members, driving the agenda of business and company's strategic priorities as well as aligning shareholders' interests.

Read more here (in Italian) (subscribers-only).

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